Oyo State Govt Pays N8bn Gratuity To 3,783 Retirees         The Oyo State Government disclosed on Monday that it paid a total of N8bn to 3,783 retirees as gratuity under the state’s civil service, judicial service, teaching, non-teaching, as well as the local government service commission...

Lagos State Govt Pays N1bn To 246 Retirees       The Lagos State Government said it paid over N1bn into the Retirement Savings Accounts of 246 retirees in its public service.T It said this in a statement on Friday titled ‘Lagos pays over N1bn to another set of...

114,837 Retirees Collected N28.46bn, Quit Pension Scheme – Report       Many workers whose employers did not adequately fund their Retirement Savings Accounts and retired with balances less than N550,000 have collected their contributions and left the Contributory Pension Scheme. As of the end of June 2020, about...

PenCom: Lack Of Board Stalls N14,400 Minimum Pension Payment       Five years after the pension operators and the National Pension Commission drafted guidelines to commence N14,400 minimum pensions for retirees, the payment is yet to begin. A source at PenCom said the minimum pension could not commence...

PenCom To Sanction PFAs For Refusing Retirees Annuity     The National Pension Commission has said it will sanction Pension Fund Administrators that refuse to approve annuity for retirees who are collecting pensions to them under the Programmed Withdrawal. It stated this in a circular entitled, ‘Procedure for...

Fed Govt Releases N14.92bn For Retirees’ Accrued Rights       The Federal Government has released N14.92bn for the payment of accrued rights for retirees under the Contributory Pension Scheme. The National Pension Commission disclosed this on Monday in a statement entitled ‘FG releases N14.92bn for accrued rights for...